The latest announcement is out from Smiths Group plc ( (GB:SMIN) ).
Smiths Group plc announced the purchase of its own shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. This transaction, part of a previously announced buyback program, involved the acquisition of over 99,000 shares at varying prices. The purchased shares will be canceled, potentially impacting the company’s share value and capital structure, reflecting a strategic move to optimize shareholder value.
More about Smiths Group plc
Smiths Group plc is a long-established engineering company that operates in four major global markets: Energy, General Industry, Safety & Security, and Aerospace. The company is listed on the London Stock Exchange and employs over 15,000 people across more than 50 countries, focusing on creating a safer, more efficient, and better-connected world through innovative engineering solutions.
YTD Price Performance: 14.19%
Average Trading Volume: 1,200,775
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.66B
Learn more about SMIN stock on TipRanks’ Stock Analysis page.